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Title: Question For 4um folks:
Source: [None]
URL Source: https://vidrebel.wordpress.com
Published: Mar 7, 2021
Author: Horse
Post Date: 2021-03-07 08:15:12 by Horse
Keywords: None
Views: 236
Comments: 7

It has been suggested that we will have a market correction before Income Taxes are due on April 15th. On one hand some suggest that a crash will force people to sell to pay taxes. On the other hand some think a crash will give taxpayers deductible losses which will cut IRS revenues.

Bonus thought: A Minsky moment is when investors sell the good stuff to pay for the bad stuff. That could happen in April if margin calls have to be met to cover tanking stocks like Tesla. Personally, I am not in the stock market.

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#6. To: Horse (#0)

Taxes due by Apr 15 were from finance records for the 2020 calendar year, so any crash between now and then won't reduce the amount due this year. It could be some are planning to sell stock and such to pay the 2020 taxes and they'd be hurt.

In that scenario, many might use the expected "stimulus" pay out to pay tax bills.

Pinguinite  posted on  2021-03-07   10:51:59 ET  Reply   Untrace   Trace   Private Reply  


#7. To: Pinguinite (#6)

Those people won't qualify for any stimulus cash.

Lod  posted on  2021-03-07   11:52:16 ET  Reply   Untrace   Trace   Private Reply  


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